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Liberty All-Star Growth Fund (NYSE:ASG) Stock Crosses Above Fifty Day Moving Average - Here's Why

Liberty All-Star Growth Fund logo with Finance background

Liberty All-Star Growth Fund, Inc. (NYSE:ASG - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.77 and traded as high as $5.86. Liberty All-Star Growth Fund shares last traded at $5.82, with a volume of 254,579 shares changing hands.

Liberty All-Star Growth Fund Price Performance

The stock has a fifty day moving average price of $5.77 and a 200-day moving average price of $5.50.

Liberty All-Star Growth Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 8.23%.

Institutional Trading of Liberty All-Star Growth Fund

Hedge funds have recently modified their holdings of the company. Creative Planning boosted its position in shares of Liberty All-Star Growth Fund by 16.8% in the 3rd quarter. Creative Planning now owns 12,959 shares of the investment management company's stock worth $73,000 after purchasing an additional 1,861 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Liberty All-Star Growth Fund in the third quarter worth about $28,000. Blue Bell Private Wealth Management LLC boosted its holdings in Liberty All-Star Growth Fund by 268.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 9,200 shares of the investment management company's stock worth $49,000 after acquiring an additional 6,700 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Liberty All-Star Growth Fund by 11.4% during the second quarter. Wedbush Securities Inc. now owns 68,283 shares of the investment management company's stock worth $365,000 after acquiring an additional 7,002 shares during the last quarter. Finally, Quad Cities Investment Group LLC acquired a new position in shares of Liberty All-Star Growth Fund during the third quarter valued at about $56,000. 21.62% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Growth Fund Company Profile

(Get Free Report)

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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